Today on Stockhouse
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TickerTrax’s Danny Deadlock analyzes a junior energy stock that could be a good long-term buy.
This as Dr. Steve Sjuggerud of DailyWealth outlines a strategy that turned $100 into more than $1 million.
Top Bullboards post: “A 1.1km strike length and consistent good results so far COULD result into 200 million+ ounces of silver. Current Gold/Silver ratio is 38. So I’ve translated the results into Gold Equivalent ad the numbers look very good.” From Teatimenow on the International Northair Mines (TSX: V.INM, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts on a day its stock popped more than 24%.
Top blog: smithgee points to what could be a promising oil field services stock in the Gee's Stock Picks blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“The employment picture is heading in the right direction, and the market is anticipating tomorrow’s employment report a great deal,” said Owen Fitzpatrick, head of the U.S. equity group at Deutsche Bank, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Kid Brands (NYSE: KID) |
Q4 |
$0.17 vs. $0.61 |
|
| World Heart (NASDAQ: WHRT) |
Q4 |
$ - 0.14 vs. $ - 0.35 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Nevsun Resources (TSX: T.NSU) |
Q4 |
$ - 0.01 vs. $ - 0.01 |
|
Today In The Markets
Toronto stock market closes higher amid major drug sector bid, U.S. jobs data
|
| DJIA |
12,319.73 |
-30.88 |
 |
|
| NASDAQ |
2,781.07 |
+4.28 |
 |
|
| S&P500 |
1,325.83 |
-2.43 |
|
|
| S&P/TSX |
14,116.10 |
+32.52 |
|
|
| S&P/TSX Venture |
2,295.99 |
+9.55 |
|
|
Toronto & New York (The Canadian Press) - A strong earnings report from market heavyweight Bombardier Inc. (TSX:BBD.B), surging oil and record high gold prices sent the Toronto stock market higher Thursday.
The S&P/TSX composite index moved up 32.52 points to 14,116.1 while the TSX Venture Exchange gained 9.55 points to 2,295.99.
New York markets were little changed as the Dow Jones industrial average moved 30.88 points lower to 12,319.73.
The Nasdaq composite index gained 4.28 points to 2,781.07 while the S&P 500 index was down 2.43 points to 1,325.83.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
General Motors Co (NYSE: GM, Stock Forum)
General Motors Co announced the sale of its Class A Membership Interest in Delphi Automotive LLP back to Delphi for $3.8 billion. GM acquired the Class A Membership Interest in October 2009 in conjunction with the creation of Delphi. GM will report a book gain of approximately $1.6 billion in the first quarter of 2011 related to the sale.
HudBay Minerals Inc. (TSX: T.HBM, Stock Forum)
HudBay Minerals Inc. announced a 288% increase to its overall copper equivalent mineral reserves to 3.1 million tonnes. Included in these reserves is 3.0 million ounces of gold equivalent reserves. In addition, the Company has 0.7 million tonnes of measured and indicated copper equivalent mineral resources and 1.6 million tonnes of inferred copper equivalent mineral resources. Included in those categories are gold equivalent resources of 1.1 million ounces and 1.9 million ounces, respectively.